Business Credit for small business with Bruce Mack of Platinum Financing - a podcast by Michael Veazey

Business Credit for Small business Amazon sellers

This show is focused on those who already have revenue, and know how to do the basics and want to grow and are ambitious. And one of the things you need to do is money because this is an inventory based business. And that means it's capital intensive. Business credit for small business can be a solution to this.



There have been many, many discussions at the 10 k collective mastermind around the question: "How do I get more money to fund my business?”

What is Platinum Financing?

The man to answer that question is Bruce Mack of Platinum financing Group, a financial consulting company that primarily funds clients.  Bruce has a huge background in finance: He is a financial advisor, a speaker, a trainer. He was even a banker in his past life, so incredibly qualified to talk on this subject.



Bruce has Worked with a number of small business owners  in the FBA space to get them business credit, including the first FBA seller to have $1-million day on amazon.



He is also a passionate skiier and was a ski instructor, which is one of his motivations in business.



UK based small business owners with LLCs - can they get corporate credit?



Yes, they can get domestic (US) funding regardless of where they are in the world - up to $50K in Domestic (US) business credit.



They would need to file for EIN number. Then consultants can work with them on small lines of credit



Then using credit cards up to $25,000.



For USA based people



$200K Credit is easily achieved.



They have Revolving lines of credit up to $75-200K



They can stack those and often get up to another $100K

Other business credit programmes if a business owner and have track record

What are the forms of business credit that one can get as a small business owner?



Revolving lines of credit programme



Additional credit cards



Mix of business and consumer cards



At zero% APR for up to 21 months.



Licensed financial advisor - worked with MasterCard and Visa



If you want just one credit card, you don’t need Bruce or Platinum Financing.



But if you need 8-12 cards, you need him. Making multiple enquiries at same time, whole thing will implode.  There’s an order and logic to flow, otherwise you’ll get declined 100% of the time - and probably damage your credit rating in the meantime.



There is no term to pay it back. Monthly minimums for years (revolving)

Contact details for Bruce Mack

bruce@platinumfinancinggroup.com



Tel.: (720) 371-2345



Times: West Coast (CA), generally gets into office 9 am. Call 9 am-7 PM Pacific time. Or text.







Transcript

Ladies and gentlemen, welcome to the show. This is your host, Michael Veazey, with more wonderful knowledge for advanced or at least the moving Amazon sellers. This show is focused on those who already have revenue, and know how to do the basics and want to grow and are ambitious. One of the things you need to do that is money or funding, because this is an inventory based business. And that means it's capital intensive.



There have been many, many discussions that I've had at the 10 k collective mastermind, where one of the major topics is how do I get more money to fund my business.



So the man to deal with that is Bruce Mack of Platinum financing Group, a financial consulting company that primarily funds clients. Bruce has a huge background in finance: He is a financial advisor, a speaker, a trainer. He was even a banker in his past life, so incredibly qualified to talk on this subject. So Bruce, warm, warm, welcome to the show.



Bruce Mack 1:46

Thanks so much,

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